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The Yard Community Newsletter — September 2022

Content at the intersection of entrepreneurship, venture capital, and our Harvard community.

Cambridge
Written by

Michael Madden

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2 min

IN THIS ISSUE: Commitment deadline, join a webinar on September 14, our investment in Stadium Live Studios, watch a Q&A with the CEO of Pacaso, a special portfolio company offer, portfolio and community news, and more.

The Yard Ventures Fund 7 Deadline for Commitments is September 30

Don’t miss your chance to invest in The Yard Ventures Fund 7. We invite you to connect with our team for a 1×1 call if you have specific investing questions. You can also visit our secure portal to access all fund materials.

UPCOMING WEBINAR

The Yard Ventures Fund 7: Last Call

Wednesday, September 14, 12:00 PM ET

The deadline for The Yard Ventures Fund 7 is around the corner. Join Managing Partner Michael Madden and Principal Alex Attard-Manché for a discussion highlighting how they will build a fully diversified venture portfolio.

The Yard Portfolio Spotlights

Stadium Live Studios is a consumer social company building an authentic, unique metaverse for sports fans to create, connect, and play together worldwide. While the platform is primarily sports-focused, Stadium Live plans to expand into music, esports, and fashion. The Yard Ventures deployed capital in the company’s recent $10 million Series A led by KB Partners and Union Square Ventures. With this new funding, Stadium Live plans to hire engineering and product resources to push out more features to help retention and monetization.

Our investors recently had the opportunity to participate in a Q&A with Austin Allison, CEO and Co-Founder of Pacaso. The company makes buying, owning, and selling a vacation home more accessible and affordable through 1/8th fractional ownership. The Yard Ventures participated in Pacaso’s $125 million Series C led by SoftBank Vision Fund 2, raised at a $1.5 billion valuation.

Click below to watch a recording of their conversation to learn about the inspiration behind Pacaso, what the customer experience is like, what’s next for the company, and more.

See video policy below.

Special Portfolio Company Offer

Assembly: Less Work, More Flow

Save employees 1 day per week with Assembly’s customizable workflows. Connect your teams, projects, and workflows in Assembly — so you can remove silos and move as one. Whether it’s a one-on-one, team standup, employee recognition, icebreakers, and more — don’t skip a beat. If you would like to receive 33% off the standard annual plan pricing, mention AV as part of your signup. 

The Yard Portfolio Companies in the News

FOR CURRENT INVESTORS

Thinking of becoming an investor? Access Materials »

Visit Your Club Portal

We invite existing investors to visit your Club portal for updates from Managing Partner Michael Madden and our team, including webinars and events, Syndications, portfolio news, and more. Visit Club Portal »

Campus and Community Update

After two years of pandemic-induced virtual programming, Harvard College’s pre-orientation activities roared back to campus, bigger and better than ever. Read More »

What’s New at Alumni Ventures

Alumni Ventures Announces More Accessible Investment Minimums

AV is the third most active VC in the world (PitchBook 2021). We’ve raised more than $1B from individual, accredited investors, which has been deployed into 1,000+ unique portfolio companies since our founding. Now, we are setting more accessible minimums to help further democratize this important asset class. Read More »

AV Talent Referrals

Interested in joining a cutting-edge startup or know someone who might be? Our portfolio companies are growing and always looking for high-caliber talent. Check out their open positions on our job board. If you find a match, fill out this short form, and we will try to make a personal referral. Visit Job Board »

Contact [email protected] for additional information. To see additional risk factors and investment considerations, visit av-funds.com/disclosures.

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Video Policy: By consuming this content I acknowledge that I may be considering an investment with AV funds for my own or my client’s account. I agree that information contained herein may not be relied upon or used for any other purpose. Offers to purchase securities are only made through formal offering documents, which describe risks (which are significant), terms, and other important information that must be considered before an investment decision is made. To see Important Disclosure Information, visit: https://av-funds.com/disclosures.

Testimonial/Endorsement Policy: Testimonials/Endorsements were provided by the participants without compensation, but each participant has a relationship with Alumni Ventures (AV) from which they benefit. All views expressed are the individual’s own and do not represent the experience of all AV fund investors or companies in which AV funds invest. Please note that testimonials are no guarantee of future performance or success. Any provider of an endorsement that is affiliated with a portfolio company Alumni Ventures has received investment funding from AV, and may in the future seek and/or receive additional funding from AV. This circumstance constitutes a conflict of interest. Providers of testimonials or endorsements were not chosen at random or according to any objective basis, but rather on the basis of their relationship with AV.

Investor Portal Update Policy: Investor portfolio data is updated once per quarter in the AV Investor Portal.

Alumni Ventures is America’s largest VC firm for individual investors based on the combination of total capital raised, number of investments, and number of investors of leading VC firms as reported by Pitchbook and other publicly available information reviewed by AV.

(1) Internal Rate of Return (IRR) for AV Funds is net of management fees and incentive allocations applied to amounts distributed to investors, and gross of incentive allocations applicable to unrealized gains on investments held by AV Funds. IRR for AV Funds includes uninvested cash, unrealized investments, and amounts distributed to investors. The IRR shown for the Russell 2000 indices are gross of fees because indices are not managed investments, and it is not possible to invest directly in an index. For additional information see av-funds.com/disclosures. All investment involves risk, including risk of loss. Past performance is not necessarily indicative of future results. For more information on AV Funds’ investment returns, please see here.

To see additional risk factors and investment considerations, visit: https://av-funds.com/disclosures

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